Nothing is so bad, that it isn't good for something
So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, they may just... Continue Reading
Submitted ByTim Price
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense.. that gold and economic freedom are inseparable.” - Alan Greenspan, unbelievably. Philipp Bagus, on the consistently excellent Mises website,...
Submitted ByClaus Vistesen
Nothing is so bad, that it isn't good for something
So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, they may just...
Submitted ByClaus Vistesen
Yours truly is actually a macroeconomist, indeed with a knack for financial markets, but still; a macroeconomist nonetheless. However, you would not have gotten that impression from the writings here end last week where I worried a lot about the worry of financial markets. I still do, worry that...
Submitted ByClaus Vistesen
As we are about move into the fourth day of the week where EU policy makers together with the IMF and the ECB launched an unprecendented series of aid tools to combat the mounting risk of a collapse in Greece and elsewhere in the European periphery I am finally ready to move in with some comments...
Submitted ByClaus Vistesen
I am rushing so I will only point to the relevant pieces from Bloomberg. Perhaps the most significant thing for me will that the ECB will now be buyers of real assets (albeit that these bids will be sterialised).
No. 1 from Bloomberg ...
European policy makers unveiled an unprecedented loan...
Submitted ByClaus Vistesen
... and markets unwind [1] (click for better viewing)
It thus appears that those hoping that that the market turmoil would be confined to Europe were proven wrong today as global stocks entered a veritable rout most likely triggered by the lack of any sort of meaningful action by part of...
Submitted ByClaus Vistesen
Well, well ... it seems that the Europe may be important after all or at least that the Greek malaise may be spreading. The EUR/USD at 1.29ish, the AUD/USD looking towards 0.91ish, and all things risky in equity land seems to be entering the room of pain ...I will leave it to Mr. Bloomberg for...
Submitted ByClaus Vistesen
While Macro Man opted to present a po(p)etic styling on the ongoing hardship in Greece (or was that Grease?) today came with a couple of notable developments in the story and would seem to be honourable and real efforts to calm down markets. Obviously, it is difficult to tell whether this is a true...
Submitted ByClaus Vistesen
Edward does a nice job to sum up the flurry of the past week which saw the ongoing problems in Greece elevated to a full fledged systemic crisis in the Eurozone economy which, if it ultimately blows, will have ramnifications far beyond the borders of the European continent. Being a firm believer in...
Submitted ByTim Price
“The duration of the slump may be much more prolonged than most people are expecting and much will be changed both in our ideas and in our methods before we emerge. Not, of course, the duration of the acute phase...
Nothing is so bad, that it isn't good for something
So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, they may just... 
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